Automattic has raised $615.65 m in total funding. I just think we might be able to do it in five years instead of 10,” Mullenweg said. Techcrunch .
In the last round, in September 2019, the company was valued at US$3 billion. Stock futures are lower ahead of today's jobless claims report Breaking News • May 20, 2020 Stocks finish higher, Dow rises 369 points or 1.5% amid reopenings, stimulus hopes Thas is probably not far from the annual cost of the Tumblr employees Automattic is taking on now. With the new influx of cash, there won’t be any big departure from the current lineup of products and services. Mullenweg mentioned Ben Thompson’s “The problem we’re tying to solve is likely multigenerational.
This freemium business model with an open-source philosophy at its core has been working well for the company.
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This process is automatic. When you think about it, open source has a virtuous cycle of adoption, people building on the platform and more adoption,” Automattic founder and CEO Matt Mullenweg told me.While WordPress started as an open-source blogging platform, it has evolved into a highly customizable content management system. The company had 1,184 employees as of May 2020. We want every website, whether it’s e-commerce or anything to be powered by WordPress.
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